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Information Technology Industry Welcomes Completion of Korea – US Free Trade Agreement
Wednesday, April 2, 2008
Wednesday, April 2, 2008
Washington, DC—April 2, 2007— The Information Technology Industry Council today released the following statement regarding the administration’s announced completion of the Korea – US Free Trade Agreement:
“As an industry dependent upon globally integrated supply chains and new markets, we welcome completion of the Free Trade Agreement with Korea and the potential for improved market access opportunities for US high-tech companies,” said Rhett Dawson, President and CEO of The Information Technology Industry Council (ITI). “Enhanced IT tariff elimination and new commitments on ecommerce will be a boost for the US IT sector in the Korean market. We look forward to reading the final text.”
US IT exporters could gain from a Free Trade Agreement with South Korea, as the country’s IT sector continues to grow rapidly and will continue to present new opportunities for U.S. exporters. The overall Korean market for IT and telecommunications equipment, services and solutions was worth an estimated $150 billion in 2004 and grew by an estimated rate of 8-10 percent over the previous year.
ITI member companies include Accenture, Agilent Technologies, AMD, Apple, Applied Materials, CA, Canon U.S.A., Cisco, Corning, Dell, Eastman Kodak, eBay, EMC, Epson, Hewlett-Packard, Honeywell, IBM, Intel, Intuit, Lenovo, Lexmark, Micron, Microsoft, Monster, National Semiconductor, NCR, Network Appliances, Oracle, Panasonic, Qualcomm, SAP, Sony Electronics, Sun Microsystems, Symbol Technologies, Tektronix, Texas Instruments, Time Warner, Unisys, Verisign and Vonage. ###
“As an industry dependent upon globally integrated supply chains and new markets, we welcome completion of the Free Trade Agreement with Korea and the potential for improved market access opportunities for US high-tech companies,” said Rhett Dawson, President and CEO of The Information Technology Industry Council (ITI). “Enhanced IT tariff elimination and new commitments on ecommerce will be a boost for the US IT sector in the Korean market. We look forward to reading the final text.”
US IT exporters could gain from a Free Trade Agreement with South Korea, as the country’s IT sector continues to grow rapidly and will continue to present new opportunities for U.S. exporters. The overall Korean market for IT and telecommunications equipment, services and solutions was worth an estimated $150 billion in 2004 and grew by an estimated rate of 8-10 percent over the previous year.
ITI member companies include Accenture, Agilent Technologies, AMD, Apple, Applied Materials, CA, Canon U.S.A., Cisco, Corning, Dell, Eastman Kodak, eBay, EMC, Epson, Hewlett-Packard, Honeywell, IBM, Intel, Intuit, Lenovo, Lexmark, Micron, Microsoft, Monster, National Semiconductor, NCR, Network Appliances, Oracle, Panasonic, Qualcomm, SAP, Sony Electronics, Sun Microsystems, Symbol Technologies, Tektronix, Texas Instruments, Time Warner, Unisys, Verisign and Vonage. ###
